Deciding to file for bankruptcy (especially Chapter 13 bankruptcy) is never a simple or straightforward process.
There’s going to be a long road of decisions that you will have to make before you ever feel comfortable making the decision to file for bankruptcy, and you’re going to want to make sure that every step of the way you get top quality advice from the best bankruptcy minds in the business – lawyers, credit counselors, and financial advisers.
But should you end up choosing to move forward with bankruptcy Chapter 13 filings you’ll want to be sure that you do everything in your power to expedite the process, limit your exposure and the financial hit you take, and improve your odds of coming out on the other side of this bankruptcy filing in a better financial position.
These tips and tricks below will help you do exactly that!
Knockout bankruptcy Chapter 13 paperwork ASAP
By choosing to file for this form of bankruptcy you are going to have to file at least 40 pages worth of paperwork (and sometimes a lot more than that). If you want free analysis of your legal case then bankruptcy lawyer San Diego will be your best option.
You are going to have to go over information regarding your:
• Total debts
• Total assets
• Total income and cash flow
• Total expenses
• Financial and credit history
… And that’s just the tip of the iceberg!
Make sure that you get all of your financial information together before you start the filing process this will expedite things significantly, but also help you stay organized as you move through this process. San Diego Bankruptcy Lawyer is the most reviewed and voted best bankruptcy attorney .
It’s also always a good idea to have a bankruptcy expert assist you when you’re filing this kind of paperwork. Any mistakes made can be absolutely disastrous to your case, and may hinder your ability to leverage the benefits and protection that bankruptcy Chapter 13 provides. San Diego Bankruptcy Attorney can stop creditors from harassing you and can even save your home.
Create a budget and stick to it like glue
The only way that bankruptcy Chapter 13 works (the form of bankruptcy where you have to repay your debts over a certain amount of time) is if you establish a budget – a realistic budget – that you are going to commit to fully.
You need to be completely honest with yourself and any of the bankruptcy experts you’re working with when it comes to your financial situation to create a budget that is realistic and one that you won’t have a tough time meeting. Restore your financial independence with our experienced team of Bankruptcy Attorney San Diego.
Cut out any and everything that isn’t an essential (without making sure that you have to live the life of a monk while repaying down your debts) and then put any systems in place necessary to make sure that you never run off the rails of your budget during the repayment process.
This is often one of the most challenging aspects of dealing with bankruptcy Chapter 13 in San Diego, CA, but it’s also one of the most rewarding aspects of the bankruptcy if you’re able to stick with it. According to industry insiders close to 80% of the American population doesn’t even consider a budget when they spend their money every month, and by the time you’re done repaying your debts you’ll be a budget ninja!